Solana and XRP Surge as Dogecoin and Bitcoin Hit Weekly Highs

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Major cryptocurrencies including Solana and XRP are riding high in the new year, with both assets jumping by at least 10% over the past 24 hours as Bitcoin and Dogecoin touch weekly highs.

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Solana is up 10% over the last day to a current price of $209, marking the highest price seen for SOL since December 19. SOL had spiked to a new all-time high price above $263 in November, but then dipped as low as $176 on December 20.

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Meanwhile, the Ripple-linked XRP has climbed 11% to $2.41 as of this writing, touching $2.44 earlier Thursday—the highest price seen since December 18. XRP touched a seven-year high price of $2.82 in early December, but has been volatile since, dipping as low as $1.98 on two occasions since.

Those aren’t the only altcoins to make a double-digit percentage gain over the past day, with Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), and Stellar (XLM) also doing the same among the top 20 cryptocurrencies by market cap.

Such spikes come as Bitcoin climbed above the $97,000 mark for the first time in more than a week Thursday, sitting at $97,015 as of this writing. It’s up 3.5% on the day, with the market-leading coin’s rebound likely propelling other gains in the market.

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Bitcoin just set an all-time price high above $108,000 in December, but then proceeded to dip below the $92,000 mark as recently as December 30.

Dogecoin, the leading meme coin, is also up to a weekly high price at $0.34, rising more than 7% on the day. DOGE is coming off of a three-year high price mark set in December, but the famously volatile coin dipped below $0.27 on December 20 amid a broader crypto market selloff.

No meme coin in the top 100 cryptocurrencies is having a better day than Fartcoin (FARTCOIN), however, which spiked 47% over the past day to a current price of $1.40, after reaching a new all-time high of $1.45 earlier Thursday.